We voted for apc to fix things not worsen the situation. Unfortunately apc appears to be worse than pdp

excomarow:


When PDP had enough, what did they do with the money when crude oil was $100 and above per barrel

fedora04:
Bottom line WATS the effect on us?

Zero effect on us.
Plenty effects on the pockets and bank accounts of Buhari and APC people.

Nice, excess money


See how dropshipping works

https://www.nairaland.com/4742839/selling-custom-t-shirt-plus-aliexpress

excomarow:
There is transparency in this government.

God Bless PMB

God Bless Nigeria

Transparency for where

nwakibie3:
Ndubuisi Francis in Abuja

The meeting of the Federation Account Allocation Committee (FAAC) for the month of April was Wednesday postponed, the second time in a row, as controversy again dogged the remittances by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account.

The FAAC meeting for March where the representatives of the three tiers of government had gathered to disburse revenue that had accrued to the account for the month of February had ended in a stalemate due to a shortfall of about N37.7 billion in NNPC remittances for that month.

It took the intervention of the Minister of Finance, Mrs. Kemi Adeosun, who pleaded with the governors before the meeting was reconvened for the sharing of revenue to the various tiers of government.

The Chairman, Finance Commissioners Forum, Mallam Yunusa Mahmoud, who confirmed the postponement of the FAAC meeting for March Wednesday, described the situation as unfortunate.

He stated that the development had prompted the governors’ intervention again, adding that the governors held a “high-level meeting” with top officials of NNPC Wednesday in Abuja.

“We have some challenges, the figures we have gotten is far below what we expected to be remitted by NNPC. As it is now, there is a meeting between the governors and the top management of NNPC at the State House.

“I believe this is a very high-level deliberation and something good will come out of it,” he said.
According to him, the NNPC was duty-bound to carry FAAC stakeholders along in its business, adding that anything short of transparency in the rendition would elicit questions.

“There are processes okay. Before now, you did not hear such news, but because this government is a government of change, some level of transparency is expected.

“When you pick your figures and you submit your figures, the person that is supposed to look at it and deliberate on it will ask questions if need be,” he said.
On whether NNPC’s action was not tantamount to deliberately shortchanging the Federation Account, Mahmoud said it was too hasty to hold the position.
He said: “I don’t want to use the word insincerity. What happened could be an error. If one party is wrong, the other party is right; if you add it together at the end of the day you make progress.

“The last FAAC meeting was postponed twice and at the end of the day, we made progress. That was during the Easter break.
“But in the spirit of Easter, we held a meeting, because we were looking at the plight of the workers that were supposed to receive their salaries as and when due, but based on the submission we have now, some states will not pay salaries now.
“What we are doing now is we have to table where we will discuss. That is why the matter is at the highest level and is being discussed now.”


https://www.thisdaylive.com/index.php/2018/04/26/again-faac-meeting-postponed-over-shortfall-in-nnpc-remittances/

joeyswift:
We voted for apc to fix things not worsen the situation. Unfortunately apc appears to be worse than pdp

You can compare when crude was $100 and now that is $50 or so.

What did you do with that money

Now they can declare after Adeosun is no more around to blow whistle on their remittance meanwhile what of the under recovery loss from subsidy hope is accounted for in the surplus.

excomarow:
There is transparency in this government.

God Bless PMB

God Bless Nigeria

hehehehege,trans wetin.....

But why are they always banning you?

N0favors:
But with all these money, why Buhari still dey borrow upandan?

Booharee na ‘omo oju o’róla ri’ owo’magò, ómòale, akotileta, arun’gun

KillaBeauty:
But why are they always banning you?

Because I enjoy being banned

Shame

N0favors:
Because I enjoy being banned

Criminals in the east will not allow our pipelines to rest. Igbo amaka.